An Intellectual Asset Management Program For SMEs

Law360, New York (February 17, 2012, 1:34 PM ET) -- In our experience, many small- to medium-sized entities (“SMEs”) understand how to use patents in their respective businesses and have become sophisticated in, or at least acquainted with, the concepts and vocabulary of intellectual asset management (“IAM”).

There are, however, two primary hurdles for SMEs seeking to take advantage of IAM. First, many SMEs seem not to have enough time to take full advantage of IAM, even as they recognize they should. Instead, while acknowledging the many benefits of managing patent issues strategically, these companies continue...